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STOCK INDICES PLUNGE AMID GEOPOLITICAL TENSIONS ,FII OUTFLOWS
The Daily Guardian
|October 01, 2024
Before the recent slump, a 50-basis-point rate cut by the US Federal Reserve supported Indian stocks, attracting capital.
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Indian stock indices slumped sharply on Monday early trade and continued to remain under pressure as the session progressed.
Sensex fell over 1,000 points at the time of filing this report. Nifty fell about 300 points.
Nifty bank, auto, financial services, and realty were among the top losers today.
Continued profit booking, escalation in geopolitical tensions in the Middle East, and fresh Chinese stimulus attracting FDIS are contributing factors behind the downtrend in the Indian benchmark indices on Monday, said Mumbai-based market expert Ajay Kedia.
Cette histoire est tirée de l'édition October 01, 2024 de The Daily Guardian.
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